The complexities of valuing a business laid bare
People often come to me and ask what their business would be worth if they sold it. The truth is, particularly when we’re in the middle of a pandemic-fuelled recession, there is no simple answer to this. Accountancy textbooks teach you (well, taught me) that the...
What can you claim on business expenses as a musician?
As a musician, you might not be aware of the items you can claim on business expenses. Luckily, if you choose to use me as your accountant, you won’t need to remember any of the below (but I’m always here to help in the meantime). Within the music industry, there’s a...
Starting up your own record label
At Alchemy Accountancy, we work within a lot of creative industries – including music. From freelance musicians to bands to record labels, in today’s internet-heavy world, it’s easier than ever to start creating great music. But how exactly do you start your own...
Why marketing budgets are always first to go in a crisis
It’s inevitable that in business, some sort of crisis may happen. This could be personal, for example, illness or bereavement, or it could be global – a recession, for instance. Currently, it’s the small matter of a pandemic that’s causing us grief (not that we...
Project accounting for architects – a different way of working
Architectural practices operate on a different basis to many other types of business and need a different approach to accounting as a result.